What PayPal USD is designed to do
PayPal USD (PYUSD) is a fiat-backed stablecoin, currently ranked 39th by market capitalization among the assets we track. PayPal USD is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about PayPal USD reserve quality and redemption, not upside.
PayPal USD (PYUSD) is a stablecoin issued by PayPal, designed to facilitate seamless and secure digital transactions. It is pegged to the US dollar, enabling users to transact in a stable value within the PayPal ecosystem.
How the peg is meant to hold
The mechanism is straightforward in theory — one token, one unit of reserve — but it depends entirely on the issuer actually holding and honoring those reserves. Attestation quality is therefore the core risk.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20) and Stablecoin.
Where PayPal USD sits in the market
At $1.00, PayPal USD carries a market capitalization of $1.39B. Around $8.37M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.60% of the float — on the quieter side, which can mean thinner liquidity for large orders.
PayPal USD carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. At the current $1.00, PYUSD sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
Recent moves read 24-hour -0.06%, 1-year +0.05%. Within its 366-day range, PYUSD sits around the middle (the 45th percentile of recent daily closes).
Volatility profile
Recent action puts PayPal USD in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like PayPal USD
A grounded read on PYUSD comes down to three questions:
- Reserve quality — what backs PYUSD — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
